INSURANCE NEWS
Texas Policy Protects Big Polluters From Citizen Complaints
PORT LAVACA — On a rugged stretch of the Gulf Coast in Texas, environmental groups called foul in 2020 when an oil company sought pollution permits to expand its export terminal beside Lavaca Bay. Led by a coalition of local …
Oklahoma Governor Signs Executive Order Narrowly Defining “Female” and “Male”
OKLAHOMA CITY (AP) – Oklahoma Gov. Kevin Stitt on Tuesday directed state agencies to use narrow definitions of “female” and “male,” in the latest attack on transgender rights in a state that already has laws targeting bathroom use, health care …
Lemonade Posts Q2 Loss of $67.2M, Reviews Homeowners Book
Artificial intelligence-powered insurer Lemonade recorded a net loss of $67.2 million for the second quarter compared with a net loss of $67.9 million a year ago during the same period. Catastrophes, specifically severe convective storms, weighed on the quarter’s results …
Pipeline Operators to Pay $12.5M After Crude Oil Spills in Montana, North Dakota
The U.S. Environmental Protection Agency on Monday announced the settlement in a 2022 federal court lawsuit. Belle Fourche Pipeline Company and Bridger Pipeline LLC will pay the $12.5 million to resolve the claims made under the Clean Water Act and …
Ohio’s Largest Rivers Show Great Improvement Since 1980s, Officials Say
COLUMBUS, Ohio (AP) – Ohio officials say a first-ever comprehensive study of the state`s largest rivers indicates great improvement in water quality over the past few decades. Gov. Mike DeWine and state environmental protection officials said Tuesday that the study …
Norfolk Southern Changes Policy on Overheated Bearings After Ohio Derailment
OMAHA, Neb. (AP) – A minor coal train derailment in Virginia in early July prompted Norfolk Southern to rethink the way it responds to problems with overheating bearings, but it`s not clear why the railroad didn`t make similar changes months …
Hyundai, Kia Recall 91,000 Vehicles Over Fire Risks, Urge Owners to Park Outside
Hyundai Motor and Kia said Thursday they are recalling more than 91,000 newer vehicles in the United States because of fire risks and urged owners to park outside and away from structures pending repairs. The recall covers Hyundai 2023-2024 Palisade, …
GM Recalls Nearly 900 Vehicles With Takata Air Bag Inflators
General Motors is recalling nearly 900 vehicles in the U.S. and Canada with Takata air bag inflators that could explode and hurl shrapnel in a crash. The recall covers certain Chevrolet Camaro, Sonic and Volt vehicles as well as the …
State Takeover of Nashville Airport Board Remains as Lawsuit Proceeds
A three-judge panel won`t stop Tennessee officials from taking over Nashville`s airport operations while a lawsuit challenging the recently enacted statute allowing the change moves forward. In a decision handed down Monday, the judges criticized Nashville city leaders for “inexplicably” …
AP Review Reveals Problematic Dams in US, But Some States’ Data Not Released
A more than two-year investigation by The Associated Press identified scores of problematic dams nationwide, but New Jersey is excluded from the analysis because the state did not fully respond to the records requests. The investigation identified at least 1,680 …
Root Inc. Narrows Q2 Net Loss to $37M, Remains Committed to Pricing Model
Insurtech Root Inc. posted a another net loss for the second quarter 2023 of about $37 million. The loss was a 62% improvement from the net loss of about $96 million during the same period in 2022. Over the first …
Verisk Beats Wall Street Expectations on Q2 Earnings Report
Verisk Analytics Inc. (VRSK) on Wednesday reported second-quarter earnings of $196.9 million. The Jersey City, New Jersey-based company said it had profit of $1.35 per share. Earnings, adjusted for one-time gains and costs, were $1.51 per share. The results beat …